Markets - General
AgDay TV Markets Now: John Heinberg, Total Farm Marketing says corn is in consolidation mode but held up well Wednesday in light of contract lows in wheat and talk of China cancellations.
Corn saw short covering, despite contract lows in wheat on talk of China SRW cancellations. Soybeans see Brazil harvest pressure. Cattle and hogs are consolidating. John Heinberg, Total Farm Marketing, has details.
Grains see technical selling pressure with wheat making new contract lows. Cattle are consolidating. Outside markets are recovering after a down day Tuesday. Darin Newsom, Sr. Market Analyst, with Barchart has more.
AgDay TV Markets Now - Ted Seifried, Zaner Ag Hedge, says grains retreat after hitting chart resistance, but there is more to the selloff.
Until USDA’s May WASDE report rolls around, these acreage, yield, supply and ending stock figures are the talk of the town.
Cattle try to recover after failing at chart resistance Monday. Hogs mixed on pre-Goldman rolling. Corn and soybeans are seeing profit taking after hitting the 20 day MA. Brad Kooima of Kooima Kooima Varilek has more.
Grains higher Monday. So, was it China hopes or a dead cat bounce? And what will it take to confirm a change in trend? Shawn Hackett, Hackett Financial Advisors, covers that plus cattle and cotton.
AgDay TV Markets Now: Shawn Hackett, Hackett Financial Advisors says grains end higher on Monday but he is looking for one specific signal that the markets have changed trend.
Reports say China has purchased more than 20 cargoes of feed grain in the past two weeks. Where is China buying from, and what’s behind the sudden surge?
Grains see corrective buying as they are oversold, plus getting help from export business and China hopes. Livestock are lower with rising feed prices and profit taking. Randy Martinson, Martinson Ag, has details.